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RAPPORT

The internet of everything

Building cyber resilience in a connected world

The Internet of Things (IoT) is everywhere, ushering in a technological revolution at lightning speed. According to an Oliver Wyman report, between 50 billion and 100 billion devices are expected to be connected to the internet by 2020. While this rapid growth will undoubtedly open the door to new opportunities, organizations must also prepare for emerging security challenges. Are you ready for the internet of everything?

A wave of vulnerabilities 

IoT products are physical devices or objects embedded with electronics, software, sensors, or actuators that can connect to the internet. From refrigerators and toys to medical devices and industrial control systems, internet- connected products are transforming the way many industries do business, driving e ciency and reinventing the customer experience. IoT devices are also providing businesses with mountains of valuable data that can be synthesized with analytics to improve products, penetrate new markets, and access potential customers.

The explosion of IoT devices is dramatically changing the cyber risk landscape — and not necessarily for the better. Many security experts believe that smart devices are creating a wave of vulnerabilities because they often lack strong — or, in some cases, even basic — security features. IoT devices often also lack regular product support, such as updates and patches, making them particularly vulnerable to newly discovered weaknesses such as the Meltdown and Spectre flaws in most computer processors.

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